LSV Asset Management Trims Position in M/I Homes, Inc. (NYSE:MHO)

LSV Asset Management lowered its stake in shares of M/I Homes, Inc. (NYSE:MHO - Free Report) by 37.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,400 shares of the construction company's stock after selling 11,100 shares during the quarter. LSV Asset Management owned about 0.07% of M/I Homes worth $2,446,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Principal Securities Inc. acquired a new position in shares of M/I Homes during the fourth quarter worth about $27,000. R Squared Ltd purchased a new stake in M/I Homes in the 4th quarter valued at approximately $33,000. Aster Capital Management DIFC Ltd acquired a new position in M/I Homes during the 4th quarter worth approximately $50,000. Steward Partners Investment Advisory LLC purchased a new position in shares of M/I Homes during the 4th quarter worth approximately $70,000. Finally, Jones Financial Companies Lllp acquired a new stake in shares of M/I Homes in the 4th quarter valued at approximately $80,000. Hedge funds and other institutional investors own 95.14% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. StockNews.com upgraded shares of M/I Homes from a "hold" rating to a "buy" rating in a report on Tuesday, February 25th. Seaport Res Ptn raised shares of M/I Homes from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Finally, Raymond James reissued a "strong-buy" rating and set a $168.00 price target (down previously from $210.00) on shares of M/I Homes in a research note on Thursday, January 30th.

M/I Homes Price Performance

Shares of M/I Homes stock traded up $1.79 on Friday, hitting $105.93. The company's stock had a trading volume of 284,233 shares, compared to its average volume of 287,367. The firm has a fifty day moving average price of $114.64 and a 200-day moving average price of $136.67. The company has a market capitalization of $2.87 billion, a P/E ratio of 5.37 and a beta of 1.99. M/I Homes, Inc. has a 52-week low of $100.22 and a 52-week high of $176.18. The company has a quick ratio of 1.93, a current ratio of 7.65 and a debt-to-equity ratio of 0.33.

M/I Homes (NYSE:MHO - Get Free Report) last announced its earnings results on Wednesday, January 29th. The construction company reported $4.71 EPS for the quarter, missing analysts' consensus estimates of $4.96 by ($0.25). M/I Homes had a net margin of 12.51% and a return on equity of 20.20%. On average, equities research analysts expect that M/I Homes, Inc. will post 18.44 earnings per share for the current fiscal year.

M/I Homes Company Profile

M/I Homes, Inc, together with its subsidiaries, engages in the construction and sale of single-family residential homes in Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee. The company operates through Northern Homebuilding, Southern Homebuilding, and Financial Services segments.